U.S. Markets closed

McDonald's (MCD) Stock Hits All-Time High Before Q1 Earnings

Madeleine Johnson

On Monday, shares of fast food giant McDonald’s Corp. MCD hit an all-time high of $134.76 a day before the company reports its first-quarter fiscal 2017 financial results before the bell.

Here at Zacks, we’re expecting McDonald’s to report earnings of $1.32 per share and revenues of $5.465 billion. The company has surpassed the Zacks Consensus Estimate in each of the past 10 quarters, and has an average earnings surprise of 5.67%.

McDonald’s comparative store sales have seen a nice boost over the past few quarters as a result of the company’s strategic efforts to bolster overall growth. Product innovation and marketing campaigns, like its very successful All-Day Breakfast and McPick 2, limited-time offerings, trimming complicated menus, and speeding up service have all driven top line growth.

In particular, McDonald’s has been implementing mobile-order and pay in all 14,000 of its U.S. restaurants, as well as introducing fresh beef patties in its quarter pounder burgers. However, a slowdown in emerging markets and meek industry growth may hurt sales, while high costs and negative currency exchange could put a dent in McDonald’s profits.

Currently, MCD is a #3 (Hold) on the Zacks Rank, and has gained 9.6% year-to-date.

More Stock News: 8 Companies Verge on Apple-Like Run                                       

Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.

A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
McDonald's Corporation (MCD): Free Stock Analysis Report
To read this article on Zacks.com click here.